Fed Vice Chair Warns of Challenges on Road to Inflation Target Federal Reserve Vice Chair for Supervision Michael Barr commented on the economic challenges ahead, noting the U.S.’s path back to 2% inflation “may be a bumpy one.” Despite a year-on-year consumer price increase of 3.1% and a core inflation rate holding steady at 3.9%, largely propelled by rising shelter costs, Barr expressed a cautious optimism. He reaffirmed the Fed’s commitment to steering the economy back to a 2% inflation target. However, he emphasized that the journey towards this goal is anticipated to be fraught with obstacles, as underscored by the latest data. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers READ MORE Israel and U.S. Brace for Potential Retaliation from Iran and Hezbollah READ MORE The $10 Trillion Defense Dilemma: Calls for Doubling NATO Defense Spending READ MORE Trump Warns Fed Against Pre-Election Rate Cuts, Hints at Conditional Support for Powell READ MORE DataTrek: Silver Undervalued Relative to Gold, Cyclical Gains Expected READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment